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May 2018 Portfolio Report

Since the last update, March 2018 Portfolio Update, my portfolio has shrunk significantly; losing almost all the gains made in the past years. This is largely contributed to the events leading up to the election and post-election. Understandably, investors, especially foreign ones, are jittery about a change of government; the first Malaysians have seen.

Companies seen to be close or somehow related to the former government were hit the hardest. Arguably, I hold shares in two of such companies: Ekovest and CIMB. I’ve sold SIME, without much of a gain or loss, to purchase Mahsing.

COUNTER

COMPOSITION (%)

AVERAGE PRICE

LAST PRICE

GAIN/LOST (%)

3A

6.53

1.18

0.945

(19.81)

AIRASIA

30.70

2.80

3.22

15.08

CIMB

26.17

5.78

6.12

5.60

DNEX-WD

9.69

0.201

0.135

(32.98)

EKOVEST

9.71

1.136

0.585

(48.53)

EVERGREEN

5.93

0.791

0.455

(42.54)

MAHSING

3.97

1.10

1.09

(1.19)

MALAKOF

3.18

0.917

0.875

(4.68)

Portfolio gain is at 6.29%.

If you have suffered the same fate as I did, try not to dwell in the past. I believe that market jitters would eventually succumb to the competency, accountability and transparency policies, championed by the new government. We can only hope that the new government will make good on its election promises.

As for now, the market is significantly cheaper, especially many mid cap stocks. Hence, how you act upon this will determined the success of your investment.